Federal infrastructure boost and Perth City Deal welcomed

The Property Council strongly welcomes the joint announcement today by the Federal and WA Governments on a $3.2 Billion State infrastructure boost and a City Deal for Perth.

“The twin announcements of new federal infrastructure funding for WA and the City Deal will provide communities and businesses in WA with greater certainty that the local economy will return to strong growth and new jobs will be created”, said Lino Iacomella, Property Council WA Executive Director.

“The property industry in WA was waiting for these announcements to provide the confidence that major infrastructure projects like METRONET will definitely proceed and the associated station precinct developments will go ahead.

“We congratulate the Turnbull and McGowan Governments for getting together in the interests of WA to sign off on the major infrastructure boost and the agreement to proceed with a City Deal.

"These announcements also vindicate the big increase in business confidence that we have seen in the WA property sector.

“The extra infrastructure funding and the City Deal announcements will also be important in addressing WA’s biggest challenge, stopping the talent drain.

“It is crucial that Infrastructure WA is established quickly, and with the confidence of these new infrastructure commitments, the State can properly plan for growth of both the economy and the supporting population”, said Mr Iacomella.